Actuarial Lead Analyst - Remote

Cigna - Chicago, IL

Full-time - Mid Level

Hybrid - Chicago, IL

Insurance Carriers and Related Activities

About the position

The Actuarial Lead Analyst at Cigna Group is responsible for performing actuarial analyses specifically for the Medicare Advantage business. This role involves conducting medical expense analyses, financial forecasts, and developing Medicare Part C bids, along with regulatory filings and actuarial modeling. The analyst will communicate findings to management and associates, ensuring accurate and effective support for Medicare pricing and bid documentation.

Responsibilities

• Perform actuarial analyses for Medicare Advantage business, including medical expense analyses and projections.
• Develop and support Medicare Part C bid documentation and regulatory filings.
• Apply analytical methods using mathematical and statistical models in bid modeling and financial analyses.
• Complete ad hoc assessments and projects for corporate-wide or market-specific initiatives.
• Communicate results of analyses to senior actuarial team members.
• Participate in team meetings and present on specific topics as needed.
• Own the methodology and development of actuarial assumptions used in bid pricing.
• Present results to various matrix partners.

Requirements

• Bachelor's Degree in Actuarial Science, Economics, Mathematics or related field strongly preferred.
• 3+ years of actuarial/data analytics experience.
• Actively progressing through Society of Actuaries exams strongly preferred.
• Strong technical skills specifically in Excel.
• Strong mathematical, financial, and statistical skills.
• Detail-oriented with the ability to work independently with minimal supervision.
• Strong communication and presentation skills; written/verbal proficiency.
• Ability to identify problem areas and take initiative to implement solutions.
• Healthcare/Medicare bid experience strongly preferred.
• Proficiency in SQL preferred.

Benefits

• Medical insurance
• Vision insurance
• Dental insurance
• Well-being and behavioral health programs
• 401(k) with company match
• Company paid life insurance
• Tuition reimbursement
• Minimum of 18 days of paid time off per year
• Paid holidays
• Annual bonus plan